Happy Monday from where I am here in Bangkok, currently!
Looking at BCH, I haven't added my Elliott Waves to this chart, but have decided to go with some move traditional charting and super easy with Crypto. Crypto LOVES LOVES LOVES triangles, it thrives on them, it is a key part of trading and simple to use.
All you need to do is draw support and resistance lines and trade the break out or break down, it is that easy. Combined with some Elliott Wave 8 times out of 10 we know the direction the triangle will break. :)
There is a Hard Fork coming in 2 months for BCH - where BitcoinABC will break away... so I expect a rise with the hype and sharp decline closer or just after.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
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Upper Yellow Line Target is still in play with a blue flag forming on the 4hr chart
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BCH got the predicted rise, not quite to yellow dashed line though. Like many other charts BCH is forming a larger triangle, for trading triangles either way, always wait for confirmation :)
nice one mentor lisa as always....when did you enter Bangkok wow....well i just left bangkok few days back but will be back within the week and hope to see my mentor lisa..do have a pleasant week ahead..
LisaNEdwards
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@kreativeifeanyi, I have been here almost 2 weeks, and head back to Melbourne around the 30th... although not set in stone as yet :)
kreativeifeanyi
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@lne, wow ..i didn't know your around ..if i knew we would have hang out and reduce some Bch from wallet because mentor is around ..hahhaa...so your going in three days time?...if so dohave a lovely trip back to Australia but if you would still around maybe weekend it would be nice